Leidos announced it has entered into a joint venture with Altaris to combine its Security Enterprise Solutions business with Altaris-owned Analogic, creating a new U.S.-based company focused on advancing global security screening technologies.
The joint venture brings together complementary detection systems, imaging technologies, and engineering expertise to strengthen security screening across airports, borders, and critical infrastructure worldwide. The combined entity is expected to enhance innovation, improve operational efficiencies, and accelerate the development of next-generation screening solutions.
By integrating the two businesses, the new company aims to drive advancements in AI-native and 3D imaging technologies, supporting more effective and efficient detection capabilities. The partnership is also designed to enable faster research and development cycles and improved manufacturing and operational scale.
Under the agreement, Leidos will contribute approximately 1,500 employees and $625 million in projected 2026 revenue to the joint venture. The new entity will operate under the Analogic brand, with Leidos retaining a significant minority ownership stake.
The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions. Financial and legal advisors for the deal include PJT Partners, Fried Frank, DLA Piper, and KPMG for Leidos, and Kirkland & Ellis, Hinckley Allen & Snyder, and Ernst & Young for Analogic.
The joint venture aligns with Leidos’ broader strategy to invest in core growth areas while expanding its presence in the global detection and imaging market, which continues to grow alongside increasing demand for secure and efficient travel and trade infrastructure.
KEY QUOTES:
“Our unified joint venture represents a focused step to strengthen U.S. capabilities in security detection at a time when global travel and trade continue to grow. Combining SES with Analogic will position the new company to promote investment in innovation, deliver more efficient solutions for the U.S. government and ensure that the world’s advanced security technology is designed and engineered from the United States.”
Tom Bell, Chief Executive Officer, Leidos
“Today marks an important milestone for our company and for the security industry. By combining two highly complementary organizations, we are creating a stronger, more capable company with the expertise and breadth of solutions to better meet evolving customer needs worldwide.”
Tom Ripp, Chief Executive Officer, Analogic
